免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Pledge reiterated on fund management
By Feng Jie (China Daily)
Updated: 2004-11-17 08:56

China's banking regulator reiterated its support yesterday for commercial banks setting up fund management companies, responding to rumours that some plans are being shelved.

"Allowing commercial banks to set up fund management companies is an important measure to improve the comprehensive competitiveness of China's banking sector, which will help propel the healthy development of the capital market and deepen financial reforms," the China Banking Regulatory Commission (CBRC) said in a statement published on its website.

Banking, insurance and securities are separately regulated in China. But the authorities recently said commercial banks will soon be allowed to establish fund management businesses, therefore entering a business that is long seen as part of the securities industry.

The local media lavished coverage on the news, but some reports, the commission said, were untrue. Earlier this week, some media reports said the CBRC favoured commercial banks setting up wholly-owned fund management companies, and that it had shelved some banks' applications for failing to find strategic investors.

"Some media organizations published totally untrue reports on related issues, which is very unfavourable for commercial banks going about related work," the CBRC said.

The commission said it is working closely with the central People's Bank of China and the China Securities Regulatory Commission on related rules. It stressed efforts to prevent risks as commercial banks enter the fund management industry, insisting that the new fund management companies must be jointly invested by banks and other experienced institutional investors, both home and abroad, to ensure adequate management expertise and sound corporate governance.

The commission also said "firewalls" will be installed between the commercial banks' banking operations from their fund management business, to prevent irregularities.

"We believe that such measures will benefit the stable development of China's banking industry and capital markets, and help deepen the financial system's further reforms," the CBRC statement said.

Close